Trump Organization Leases Office Space At 40 Wall Street To Pitta LLP With LSL Advisors As Tenant's Rep
40 Wall Street
$57
$57/SF
Building Size
25,393 SF
Asset Type
Office
Closing
May 15, 2025
AI
The property involved in this transaction is an office asset located at 40 Wall Street in the Financial District. The lease type is a Modified Gross Lease with an asking rent of $57 per square foot for a total area of 25,393 square feet.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $57/ft
- Address: 40 Wall Street
- Market: Financial District
- Landlord: Trump Organization
- Tenant: Pitta LLP
- Landlord's Representative: Eric Trump & Myles Fennon
- Tenant's Representative: Daniel Lolai, Wayne Siegel, Michael Hymowitz & Eric Siegel - LSL Advisors
This lease transaction involves key representatives from both parties, including Eric Trump and Myles Fennon for the landlord, while Daniel Lolai, Wayne Siegel, Michael Hymowitz, and Eric Siegel from LSL Advisors represent the tenant, Pitta LLP, highlighting the expertise and involvement of multiple parties in the arrangement.
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
278298.25%
Cash-on-Cash
-79538.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93